This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

April 28 Premarket Briefing: 10 Things You Should Know

Stocks in this article: AZN PFE GE SI MSFT TM HLF HIG CMCSA CHTR

Updated from 6:56 a.m. EDT.

Here are 10 things you should know for Monday, April 28:

-- U.S. stock futures were rising Monday and European stocks were higher on mergers-and-acquisitions news.

Asian shares ended mostly lower as tensions in Ukraine continued to rattle global markets. Japan's Nikkei 225 declined 1%.

2. -- The economic calendar in the U.S. on Monday includes pending-home sales for March at 10 a.m. EDT.

3. -- U.S. stocks on Friday traded lower amid rising tension in Ukraine.

The Dow Jones Industrial Average fell 0.81% to 16,361.78, while the S&P 500 lost 0.81% to close at 1,863.41. The Nasdaq tumbled 1.75% to 4,075.56. The Dow, S&P and Nasdaq for the week declined 0.29%, 0.08% and 0.49%, respectively.

4. -- AstraZeneca (AZN) shares soared in early trading on Monday after Pfizer (PFE) publicly disclosed details of a $100 billion bid approach.

PfiZer, the maker of Viagra, said Monday that AstraZeneca rejected an initial approach in January valuing the company at about 59 billion pounds ($100 billion). The cash and shares deal would represent a 30% premium on AstraZeneca's closing share price of 35.26 pounds on Jan. 3, the date of the offer.

The board of AstraZeneca on Monday issued a statement saying  "absent a specific and attractive proposal, it was not appropriate to engage in discussions with Pfizer." 

AstraZeneca said its "board remains confident in the ongoing execution of AstraZeneca's strategy as an independent company and that its successful delivery will create significant value for shareholders."

AstraZeneca rose 16.8% in premarket trading to $80.20; Pfizer rose 2% to $31.35.

5. -- France will block any deal involving engineering group Alstom it considers unfit, Economy Minister Arnaud Montebourg said ahead of a meeting between President Francois Hollande and General Electric (GE) CEO Jeff Immelt to discuss Alstom's future, Reuters reported.

The meeting between the French head of state and the GE boss follows a weekend in which Alstom's German rival Siemens (SI) proposed a swap of assets to counter a potential Alstom-GE tie-up.

6. -- A newly discovered flaw affecting several versions of Microsoft's (MSFT) Internet Explorer has left a significant portion of the world's Web browsers vulnerable to attack, Recode reported.

Disclosed in an unusual Saturday alert from Microsoft, the flaw is being called a serious "Zero Day" vulnerability by security company FireEye, which claims it affects more than 56% of the world's Web browsers currently in use.

It's a remote code execution vulnerability, which in English means a bad guy can make a target computer run software after a successful attack, Recode explained. 

Microsoft shares rose 0.4% in premarket trading.

7. -- Comcast (CMCSA) said Monday it would divest systems resulting in a loss of about 3.9 million video customers as part of its proposed merger with Time Warner Cable (TWC).

Charter Communications (CHTR) will acquire about  1.4 million existing Time Warner Cable subscribers, the companies said in a press release. The deal would make Charter the second-largest cable operator in the United States.

Charter shares rose 0.6% in premarket trading to $130.84.

8. -- Toyota (TM) is moving substantial parts of its U.S. headquarters in Torrance, Calif., to suburban Dallas as the world's largest automaker seeks savings from its U.S. sales unit, people familiar with the matter told Bloomberg.

 -- Herbalife (HLF) is expected by analysts on Monday to report first-quarter earnings of $1.29 a share on revenue of $1.23 billion.

 -- Hartford Financial Services (HIG) is forecast to report earnings of 93 cents a share in the first quarter.

-- Written by Joseph Woelfel

To contact the writer of this article, click here:Joseph Woelfel

To submit a news tip, send an email

Follow @josephwoe58


Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs